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Case Study:
Comparing Hospital In-house Disposition
vs. Tekyard’s Asset Management Services
Background
Hospitals manage a large volume of medical equipment and surplus assets throughout each device’s lifecycle. Properly handling the disposal of these assets—especially at the end of their useful life—is essential, requiring not only efficient logistics but also strict adherence to regulations such as HIPAA. Noncompliance, particularly regarding the protection of Patient Health Information, can lead to severe penalties and reputational harm.
Hospitals must decide whether to manage medical asset disposition internally or partner with an experienced asset management company like Tekyard. To evaluate the benefits of outsourcing versus maintaining an in-house program, a case study was developed comparing the costs associated with each approach.
In-House Disposition Program
Establishing and maintaining an in-house disposition program requires consider-able upfront investment and ongoing operational expenses. These include both one-time setup costs and recurring monthly fees. While the exact figures vary based on the facility’s size and scope, the overall financial commitment is significant
Table 1.1 — Cost of In-House Disposition Program —
presents the estimated one-time and monthly expenses for oper- ating an in-house program across facili- ties of varying sizes. These estimates, derived from publicly available data, offer a clear overview of the financial consid- erations involved in managing surplus medical equipment internallyKey Cost Considerations
One-Time Costs:
- Initial setup costs, including equip- ment, software, and systems required for tracking and managing surplus.
- Staff training and the development of standard operating procedures (SOPs).
- Any physical space or infrastructure needed to store and handle the surplus equipment.
Monthly Operational Costs:
- Staff salaries for managing the pro- gram, including marketing, sales, and logistics personnel.
- Ongoing shipping, handling, and ware- housing costs.
- Marketing expenses to sell the surplus equipment (e.g., online listings, auc- tions, direct sales).
Premier Success Story
Renovation Project: OR Renovation Project 8 Rooms
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